Qatar Airways increases shareholding in IAG to 15.01%

0
87
Qatar Airways Boeing 777-300ER

Qatar Airways has increased its shareholding in International Airlines Group (IAG) from 12 per cent to 15.01 per cent.

Qatar had taken a 9.99 per cent stake in IAG in January 2015 and is hoping to increase further over time within non-European Union ownership limits. IAG is the holding company of Aer Lingus, British Airways, Iberia and Vueling.

Qatar Airways Group chief executive, His Excellency Abkar Al Baker says: “We have been very happy with our investment in IAG, from a financial, commercial and strategic perspective. We have decided to further deepen our relationship with IAG and the increased stake recognises the strengthening commercial ties between us.”

“At Qatar Airways we fully support IAG’s ongoing strategy. IAG is very well positioned in Europe with attractive exposure to the transatlantic segment; leading positions at the London and Madrid hubs and the future benefits from the acquisition ‎of Aer Lingus.”